NKP 0.00% 9.9¢ nkwe platinum limited

get set, page-19

  1. 283 Posts.
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    ST:
    Upcoming Convertible Debt pricing of the note and investor should continue the momentum for any ST punters.
    This coupled with the fact that NKP has been trading in a sideways channel between 20cps and 34cps, Daily MA 25 50 already crossing and potential to cross the 200MA very shortly for the second time (also weekly MA crossed for 11 and 31) - all bodes well. If NKP can break and hold 34-36cps, then 45 and 68cps are my next targets.

    Dilution is not an issue for NKP as most of the stock is held above Director option levels of 90cps

    MT:
    Price of Platinum, Shadow pricing of GOLD, Industral demand, Exchange parity between US and AUD, supply issues through worforce and power outages and stoppages all will all impact NKP.
    Corporately - Xstrata exercising its option may play a part - but there will be other vultures hoping for its collapse. I doubt it will and if BFS proves positive - i read the terms as binding - Xstrata can only pull out by losing $10M. Financing will not be an issue. Once a decision is made, Xstrata has the financing, capacity and desire to follow through
 
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Currently unlisted public company.

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